Precision Financial Management

From our family to yours, we wish you a happy and healthy holiday season.

We hope you can take some time for yourselves and spend it with those you love.

Have a very Merry Christmas and a Happy New Year!

How life insurance can make for more tax-efficient intergenerational wealth transfers Many people view life insurance mainly as a necessary cost during their working years – a safety net that, hopefully, won’t be needed. Yet, life insurance can play a key role in maximizing an estate’s value and allow wealth to move to beneficiaries quickly and without incurring taxation.

Summer Reading: Ultimate Guide To The 25 Greatest Investment Books Ever Written The books the world's most successful investors, legendary fund managers and billionaires have read to build their fortunes.

Its the final countdown to RRSP season and the number one question we get "Should we continue to contribute to RRSPs, or consider TFSAs?" We wrote a blog post to discuss, with a Canadian tax angle (and obligatory lumberjack dressed in red toque of course). After all, it all comes down to the tax!

https://precisionfinancial.ca/decoding-rrsps-and-tfsas-from-a-canadian-tax-angle/

We want to wish all of our friends and clients, old and new, a Happy New Year and all the very best in 2024!! Health, wealth and happiness from our family to yours.

We stand with our indigenous friends and family across this great nation in solidarity as we humbly observe this National Day For Truth And Reconciliation.

Today we discuss the role of family trusts in estate planning. An interesting topic that pops up in conversations more often these days. Read on!

https://precisionfinancial.ca/family-trusts-and-estate-planning/

Family Trusts and Estate Planning Family Trusts can be a powerful tool for estate planning, tax planning, asset protection; and wealth transfer. A family trust is a legal entity that holds assets for the benefit of a specific group of…

What role can Life Insurance play with regards to minimizing capital gains tax in Canada?

This is valuable information, read on for more and always feel free to contact us for details!

https://precisionfinancial.ca/the-role-of-life-insurance-to-minimize-capital-gains-tax/

The role of Life Insurance to minimize Capital Gains Tax Capital Gains Tax and the Value of Life Insurance in Canada Capital gains tax is a tax imposed on the profit made from the sale of a capital asset, such as real estate or stocks…

From all of us at Precision Financial & Benefits, Happy Holidays! We hope your time with family and friends is Merry and bright; and that you have a safe and prosperous New Year!

Wills, Wills, Wills! Why they exist, what happens if you die without one, and how to make one? All of your pressing Will questions answered, at least in general terms, in our most recent blog post. Read on!

https://precisionfinancial.ca/why-is-it-important-to-have-a-will/

Insured Retirement Plan in 2022. How is it holding up? Is it still a good idea? Was it ever a good idea? We follow up our 2019 blog post with an update. Lets dig in and find out!

https://precisionfinancial.ca/insured-retirement-plan-in-2022-has-the-strategy-held-up/

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Insured Retirement Plan in 2022, has the strategy held up? One of the most popular blog posts I wrote was back in 2019 explaining the Insured Retirement Plan. It is mid way through 2022 and the markets are currently struggling under higher inflation, geopolitical tensions…